The Ministry of Finance Expects Excess of Revenues over Expenditures of BGN 841.3 million under the Consolidated Fiscal Programme for January 2020


Based on the preliminary data and estimates, for January 2020, the excess of revenues over expenditures under the Consolidated Fiscal Programme (CFP) is expected to amount to BGN 841.3 million (0.7 % of the forecast GDP).

Key CFP parameters on the basis of preliminary data and estimates:

For January 2020, CFP revenues, grants and donations are expected to be BGN 3,751.2 million (8.0 % of the annual estimates), which is close to the amount reported for the same period of the previous year. Compared to last year, tax and non-tax proceeds under CFP have risen by BGN 118.1 million in nominal terms.

The Consolidated Fiscal Programme expenditures, including the contribution of the Republic of Bulgaria to the EU budget, for January 2020 amount to BGN 2,909.9 million, which accounts for 6.2 % of the annual estimates. For comparison, CFP expenditures for January 2019 amounted to BGN 2,712.1 million.

The part of Bulgaria's contribution to the EU budget, paid from the central budget as of 31.01.2020, amounts to BGN 187.3 million, which complies with the current legislation in the area of EU own resources – Council Decision 2014/335/EU, Euratom on the system of own resources of the European Union, Council Regulation (EU, Euratom) No 608/2014 of 26 May 2014 laying down implementing measures for the system of own resources of the European Union, and Council Regulation (EU, Euratom) No 609/2014 of 26 May 2014 on the methods and procedure for making available the traditional, VAT and GNI-based own resources and on the measures to meet cash requirements as amended by Council Regulation (EU, Euratom) No 2016/804 of 17 May 2016.

The statistical data and the Information Bulletin on the execution of the state budget and the key indicators of the Consolidated Fiscal Programme based on data from the monthly reports on the cash performance of the budgets of the first-level spending units for January 2020 will be published on the website of the Ministry of Finance at the end of February 2020.

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